Stock Watch: Network Solutions Invests in Interliant

A big week for applications service provider Interliant (Nasdaq: INIT) got even bigger on Thursday. Shares of Interliant soared more than 12 percent, gaining 5-1/4 to an all-time closing high of 48-1/4 after the company announced that domain-name registrar Network Solutions had invested $10 million. Interliant and Network Solutions also extended a previously announced alliance under which the companies promote each other’s services.

The announcement came in the same week that Interliant announced that Dell Computer and BMC Software had invested a combined $17.5 million. Also this week, Interliant named Verio president Herb Hribar as its new CEO, effective February 15th.

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